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Inflation, Disinflation and the Natural Rate of Unemployment: A Dynamic Framework for Policy Analysis

In: The Australian Economy in the 1990s

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  • Robert Leeson

    (Murdoch University)

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Bibliographic Info

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This chapter was published in: David Gruen & Sona Shrestha (ed.) The Australian Economy in the 1990s, Reserve Bank of Australia, pages , 2000.

This item is provided by Reserve Bank of Australia in its series RBA Annual Conference Volume with number acv2000-07.

Handle: RePEc:rba:rbaacv:acv2000-07

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Postal: GPO Box 3947, Sydney NSW 2001
Phone: 61-2-9551-8111
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Web page: http://www.rba.gov.au/
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Related research

Keywords: dynamic analysis; monetarism; Friedman; Philips;

References

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Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
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  1. A.M. Cohen & W.E. Norton, 1969. "Demand Equations for Money," RBA Research Discussion Papers rdp03, Reserve Bank of Australia.
  2. Hendry, David F, 1985. "Monetary Economic Myth and Econometric Reality," Oxford Review of Economic Policy, Oxford University Press, vol. 1(1), pages 72-84, Spring.
  3. Thomas J. Sargent & Neil Wallace, 1974. "Rational expectations and the theory of economic policy," Working Papers 29, Federal Reserve Bank of Minneapolis.
  4. Robert Leeson, 1998. "The Origins of the Keynesian Discomfiture," Journal of Post Keynesian Economics, M.E. Sharpe, Inc., vol. 20(4), pages 597-619, July.
  5. Leeson, Robert, 1997. "Does the Expectations Trap Render the Natural-Rate Model Invalid in the Disinflationary Zone?," Cambridge Journal of Economics, Oxford University Press, vol. 21(1), pages 95-101, January.
  6. McDonald, John, 1976. "Earnings and Award Wages in Australia: Some Econometric Considerations," Australian Economic Papers, Wiley Blackwell, vol. 15(27), pages 230-39, December.
  7. P.D. Jonson & R.G. Trevor, 1979. "Monetary Rules: A Preliminary Analysis," RBA Research Discussion Papers rdp7903, Reserve Bank of Australia.
  8. Robert Leeson, 1997. "The Political Economy of the Inflation-Unemployment Trade-Off," History of Political Economy, Duke University Press, vol. 29(1), pages 117-156, Spring.
  9. Patinkin, Don, 1969. "The Chicago Tradition, the Quantity Theory, and Friedman," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 1(1), pages 46-70, February.
  10. Robert Leeson, 1998. "“The Ghosts I Called I Can't Get Rid of Now”: The Keynes-Tinbergen-Friedman-Phillips Critique of Keynesian Macroeconometrics," History of Political Economy, Duke University Press, vol. 30(1), pages 51-94, Spring.
  11. Parkin, Michael, 1976. "Yet Another Look at Australia's Short-Run and Long-Run Trade-Offs between Inflation and Unemployment," Australian Economic Papers, Wiley Blackwell, vol. 15(26), pages 128-39, June.
  12. Friedman, Milton, 1977. "Nobel Lecture: Inflation and Unemployment," Journal of Political Economy, University of Chicago Press, vol. 85(3), pages 451-72, June.
  13. Peter Boxall & Jeff Carmichael, 1974. "Inflation: Prices and Earnings in Australia," RBA Research Discussion Papers rdp33, Reserve Bank of Australia.
  14. Emminger, Otmar, 1978. "The international monetary arena seen from two different angles," Journal of Monetary Economics, Elsevier, vol. 4(2), pages 397-403, April.
  15. Gruen, David & Pagan, Adrian & Thompson, Christopher, 1999. "The Phillips curve in Australia," Journal of Monetary Economics, Elsevier, vol. 44(2), pages 223-258, October.
  16. Robert Leeson, 1999. "Keynes and the “Keynesian” Phillips Curve," History of Political Economy, Duke University Press, vol. 31(3), pages 493-509, Fall.
  17. Lucas, Robert E, Jr, 1981. "Tobin and Monetarism: A Review Article," Journal of Economic Literature, American Economic Association, vol. 19(2), pages 558-67, June.
  18. Robert Leeson, 1997. "The Eclipse of the Goal of Zero Inflation," History of Political Economy, Duke University Press, vol. 29(3), pages 445-496, Fall.
  19. Jonson, Peter D, 1976. "Money and Economic Activity in the Open Economy: The United Kingdom, 1880-1970," Journal of Political Economy, University of Chicago Press, vol. 84(5), pages 979-1012, October.
  20. Leeson, Robert, 1997. "The Trade-off Interpretation of Phillips's Dynamic Stabilization Exercise," Economica, London School of Economics and Political Science, vol. 64(253), pages 155-71, February.
  21. McDonald, John, 1975. "Wages and Prices in Australia: On the Short and Long-run Trade-Offs between Inflation and Unemployment," Australian Economic Papers, Wiley Blackwell, vol. 14(25), pages 154-70, December.
  22. Challen, D W & Hagger, A J, 1975. "Another Look at Australia's Inflation-Unemployment Trade-Offs," Australian Economic Papers, Wiley Blackwell, vol. 14(25), pages 137-53, December.
  23. Robert Leeson, 2000. "Patinkin, Johnson, and the Shadow of Friedman," History of Political Economy, Duke University Press, vol. 32(4), pages 733-764, Winter.
  24. Parkin, Michael, 1977. "The Transition from Fixed Exchange Rates to Money Supply Targets," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 9(1), pages 228-42, February.
  25. Michael Parkin, 1973. "The Short Run and Long Run Trade-offs between Inflation and Unemployment in Australia," RBA Research Discussion Papers rdp31, Reserve Bank of Australia.
  26. Lucas, Robert Jr, 1976. "Econometric policy evaluation: A critique," Carnegie-Rochester Conference Series on Public Policy, Elsevier, vol. 1(1), pages 19-46, January.
  27. Hendry, David F, 1980. "Econometrics-Alchemy or Science?," Economica, London School of Economics and Political Science, vol. 47(188), pages 387-406, November.
  28. Milton Friedman & Anna J. Schwartz, 1963. "A Monetary History of the United States, 1867-1960," NBER Books, National Bureau of Economic Research, Inc, number frie63-1.
  29. Kerry E. Schott & K.M. Sweeny, 1970. "Price Equations for Australia," RBA Research Discussion Papers rdp08, Reserve Bank of Australia.
  30. Leeson, Robert, 1998. "Early Doubts about the Phillips Curve Trade-Off," Journal of the History of Economic Thought, Cambridge University Press, vol. 20(01), pages 83-102, March.
  31. Norton, W E & McDonald, R, 1983. "The Decline in Australia's Economic Performance in the 1970s: An Analysis of Annual Data," Australian Economic Papers, Wiley Blackwell, vol. 22(4), pages 1-29, June.
  32. Friedman, Milton, 1988. "Money and the Stock Market," Journal of Political Economy, University of Chicago Press, vol. 96(2), pages 221-45, April.
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Cited by:
  1. William R. White, 2013. "Is Monetary Policy a Science? The Interaction of Theory and Practice over the Last 50 Years," SUERF 50th Anniversary Volume Chapters, SUERF - The European Money and Finance Forum.

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